Endowments are long-term investments in UND. They benefit students, faculty, or programs year after year.
The UND Alumni Association & Foundation manages and invests endowed funds. Endowments ensure a dependable income stream for designated areas across campus. Part of the return on your investment is added to the principal to help grow the fund. Doing so protects it from inflation, ensuring your endowment will be supported far into the future. Once an endowment is minimally funded, the University receives a portion of the fund's market value to support the program you choose.
Endowments can be established through one-time gifts, wills & living trusts and multi-year pledges. They can be created with gifts of cash, securities and other assets. An individual or group may establish an endowment and anyone can contribute to an endowment at any time. Gifts at certain levels may offer donors naming opportunities.
Our development team can assist you and/or your professional advisor in creating a fund in accordance with your wishes.
There is a federal tax deduction for charitable contributions. Some states, including North Dakota, give tax credit for gifts to endowments. If you pay income taxes in North Dakota, you may be eligible for a 40% state tax credit. Consult your tax advisor to optimize tax benefits.
A strong endowment increases the University’s ability to predict one of its revenue streams. It acts as a potential buffer for political or economic fluctuations. An endowed fund continues in perpetuity. Therefore, an endowed gift has both an immediate and a continuing impact on the University today and in the future.
Types of Endowments
A scholarship recruits and retains students. It provides financial support to fund tuition, fees, books, and room and board.
Chair: $2.5 million
A chair is the most prestigious named position. This senior exceptional faculty member has achieved the rank of full professor in their field.
Professorship: $1 million
A professorship recognizes a gifted faculty member. They have achieved the rank of full professor and national or international prominence.
A fellowship recognizes the University’s desire to support teaching and research. The appropriate Dean and Vice President determine how endowment income is used. They base their findings on the University’s strategic priorities and the academic pursuits of the fellowship holder.
Faculty Support: $25,000+
Excellence Endowments: $5 million
Excellence endowments generate support for the University’s mission. They support the unit's strategic priorities.
VP Initiatives: $2 million
Vice presidents look to the UND LEADS Strategic Plan to drive these initiatives.
Lectureships, Symposia, Panels, Seminars: $500,000 - $1 million
These endowments bring renowned scholars, speakers, or experts to campus. They also help plan symposia, panels, seminars, or lectureships. The endowed fund and the symposia, panels, seminars, or lectureships may carry the name of the donor or someone of his/her choosing. Lectureships may include presentations by prominent faculty on our own campus.